Turkey Proposes Vehicle SCT Adjustments & Broadens Tax Tools
A draft law submitted to Parliament on 16 June 2025 proposes amendments to the Motor Vehicles Tax Law and the Special Consumption Tax (SCT) Law. The proposal would empower the Presidency to adjust SCT rates dynamically based on electric vehicle battery range, engine size, and carbon footprint. Market stakeholders have voiced concerns regarding potential price …
Continue reading “Turkey Proposes Vehicle SCT Adjustments & Broadens Tax Tools”
Turkey Raises Withholding Tax and Clarifies Taxation of Small Business Income
In late 2024, Turkey increased the general withholding tax rate on cross-border payments including dividends, interest, and royalties from 10% to 15% via Presidential Decree. The 50% participation exemption under the Corporate Tax Law remains applicable, subject to revised qualification rules.
Turkey Introduces Domestic Minimum Tax & Tightens Digital VAT Controls
In August 2024, Turkey enacted Law No. 7524 to introduce a domestic minimum corporate income tax regime, in alignment with OECD-G20 BEPS Pillar Two guidelines. Starting from fiscal year 2025, all corporate taxpayers in Turkey are subject to a minimum 10% tax on income before deductions. The regime ensures a tax floor even where exemptions, …
Continue reading “Turkey Introduces Domestic Minimum Tax & Tightens Digital VAT Controls”
Regulatory Framework for Doing Business in Indonesia and India: Opportunities and Challenges
Bagus Enrico & Partners and Hammurabi & Solomon Partners would like to invite you on a exclusive cross-border seminar on the topic:
Ilyashev & Partners Named Among Top 5 Law Firms in CEE for Client Satisfaction
Ilyashev & Partners, one of Ukraine’s leading law firms with offices in Kyiv, Dnipro, Kharkiv, and Odesa, has been included among the top 5 law firms in Central and Eastern Europe in the Client Satisfaction Award category.
SNG & PARTNERS ASSISTS INVESTORS AND DEBENTURE TRUSTEE IN NON-CONVERTIBLE DEBENTURE ISSUANCE BY LODHA DEVELOPERS LIMITED
SNG & Partners represented investors and the debenture trustee in relation to the issuance of rated, listed, senior, secured, redeemable, taxable, transferable non-convertible debentures (NCDs) aggregating to a total of INR 500 Crores by Lodha Developers Limited, formerly known as Macrotech Developers Limited (Lodha Developers), one of India’s largest and most prominent real estate developers.
Chrysses Demetriades & Co LLC joins the Cyprus International Business Association
We are pleased to share that our firm has recently joined the Cyprus International Business Association (CIBA), an organization that plays a significant role in representing and supporting the interests of international businesses operating in Cyprus.
FUNDAMORGAN Marks 25 Years of Commitment to Justice and Social Transformation in Panama
Panama City, June 12, 2025 — FUNDAMORGAN, a nonprofit organization that leads the community social axis of Morgan & Morgan´s ESG strategy, celebrates its 25th anniversary this year, reaffirming its commitment to access to justice and citizenship education as pillars for a better Panama.
BUREN strengthens its China practice with the appointment of Rachel Chen as partner
The Hague, 1 July 2025 – BUREN is pleased to announce the appointment of Rachel Chen as partner, effective 1 July 2025. Since joining the firm in 2019, Rachel has played a pivotal role in the continued development of BUREN’s inbound China practice.
Carpmaels & Ransford promotes energy specialist to the partnership
Russell Woolley joins the partnership on 1st July 2025